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Australia Mine, Energy Investments Peak as Projects Delayed

Mining and energy projects worth about A$150 billion ($147 billion) have been delayed or canceled in the past year in Australia as investments peaked and commodity prices declined.
There were 14 fewer projects being developed in Australia as of April 30, the Bureau of Resources and Energy Economics said today in a report. Projects worth A$267.6 billion were being developed, compared with a record A$268.4 billion on Oct. 31. Australia is the world’s biggest iron ore exporter.
Committed investment has peaked and may drop to A$256 billion by the end of the year, the Canberra-based agency said. Investment may decrease by A$8 billion ... (full story)